Eseandre Mordi
⬤ EUR/USD continues riding a bullish wave pattern that's setting up for another leg higher toward 1.2126 or beyond. The pair is holding above critical support levels, and the current Elliott Wave structure suggests selling isn't the play right now—the 4-hour chart shows continuation rather than exhaustion.
⬤ The technical setup called for a corrective dip into the 1.1605-1.1511 zone following December's move, with that area matching the November 2025 low. Buyers showed up right on cue in this support window, sparking a three-wave recovery that's now gaining traction and confirming the bullish sequence remains intact.
⬤ Elliott Wave analysis shows the recent pullback was just a correction before the next impulse move. The pattern projects another push toward 1.2126, and price has already broken above the corrective low. As long as EUR/USD stays above the mid-1.15 invalidation level, the upward structure holds and bears stay on the sidelines.
⬤ This matters beyond just the euro-dollar pair—EUR/USD drives global currency sentiment. A push to 1.21 would signal sustained euro strength and continued dollar weakness across the board. The clearly marked support zones give traders concrete levels to watch for confirming whether bulls stay in charge, and right now the chart says they do.
Eseandre Mordi
